GLOBAL MARKETS-Mega-merger helps drive European stocks to 8-year high

April 8, 2015 11:30 AM

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LONDON, April 8 (Reuters) - European shares clawed their way to an eight-year high on Wednesday, driven by a $70 billion mega-deal in the oil and gas sector that added to a flurry of merger and acquisition activity that has gripped investors this week.

Shares in BG Group surged 45 percent after Royal Dutch Shell agreed to pay that amount (47 billion pounds) for its smaller rival, making it the biggest deal in the sector in more than a decade.